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Finance

In Norway, nearly all new cars sold in 2024 were fully electric

Published by Global Banking & Finance Review

Posted on January 2, 2025

1 min read

· Last updated: January 27, 2026

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Electric cars on a Norwegian street, showcasing Norway's shift to EVs - Global Banking & Finance Review — An image depicting a lineup of fully electric vehicles in Norway, highlighting the nation's achievement of 88.9% electric car sales in 2024, as reported in the finance article.

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OSLO (Reuters) - Nine out of ten new cars sold in Norway last year were powered by battery only, registration data showed on Thursday, placing the country within reach of its target of only adding

Norway's Electric Car Market Nears 100% in 2024

OSLO (Reuters) - Nine out of ten new cars sold in Norway last year were powered by battery only, registration data showed on Thursday, placing the country within reach of its target of only adding cars that are electric on the road by 2025.

Fully electric vehicles accounted for 88.9% of new cars sold in 2024, up from 82.4% in 2023, data from the Norwegian Road Federation (OFV) showed. Top-selling brands were Tesla, followed by Volkswagen and Toyota.

"Norway will be the first country in the world to pretty much erase petrol and diesel engine cars from the new car market," said Christina Bu, head of the Norwegian EV association.

(Reporting by Nerijus Adomaitis in Oslo, editing by Gwladys Fouche)

Key Takeaways

Nearly 89% of new cars sold in Norway in 2024 were electric.
Norway aims to eliminate petrol and diesel cars by 2025.
Tesla, Volkswagen, and Toyota lead the Norwegian EV market.
The Norwegian Road Federation provided the sales data.
Norway is set to be the first to phase out non-electric cars.

Frequently Asked Questions

What is the main topic?

The article discusses the high percentage of electric cars sold in Norway in 2024 and the country's goal to phase out petrol and diesel cars by 2025.

What brands are leading in Norway's EV market?

Tesla, Volkswagen, and Toyota are the top-selling electric vehicle brands in Norway.

What is Norway's target for electric vehicle sales?

Norway aims to have all new cars sold be electric by 2025.

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